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Rosetta Stone to Exit Kiosks

The company's move is part of a broader shift towards cloud-based solutions.

Rosetta Stone(NYSE:RST) is to shutter its remaining kiosk locations in the U.S. According to the company, the decision "accelerates a transition to cloud-based learning solutions." The move comes two days after the company announced it bought online language-instruction provider Livemocha.

At the moment, the firm operates 56 kiosks spread throughout the U.S., most of which are located in shopping malls and airports. The closure will result in a headcount reduction of around 45 full-time and 200 part-time employees.

In the press release announcing the move, Rosetta Stone said that the kiosks had been contributing a shrinking proportion of the company's overall sales.

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Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.